DE LARA, QUENILYN I.
SBENT-3H PROGRAMS AND POLICIES ON ENTERPRISE DEVELOPMENT
REACTION PAPER
Philippine Development Plan 2017- 2022
The video that was played for us "Aksyon para sa Ambisyon: Philippine
Development Plan 2017-2022" is a video from NEDA headquarters, and "Bawal
ang Pasaway: Estado ng Philippine Development Plan, Alamin" is Prof. Winnie
Monsod's interview with Sec. Ernesto Pernia. Are talking about the first medium-
term plan based on this long-term national vision. It aims to lay a more solid
foundation for more inclusive growth, a trust-based and resilient society, and a
globally competitive knowledge economy. The 0-10 Point Socio-Economic
Agenda, regional consultations conducted by various planning committees, and
social development summits all guided these priorities, which culminated in the
2017-2022 Agenda: Malasakit at Pagbabago. The second video was an interview
in which the status and performance of the Philippine development plan's were
discussed. It informs us of what has been accomplished and what has not.
When I first saw this, my first reaction was to the plan to boost GDP; it
had been a success in recent years, with our GDP increasing by 6.7 percent,
despite the fact that in 2018 and 2019, the country's GDP growth slowed to 6.2
percent and 6.0 percent, respectively. This was due to global headwinds, which
included an increase in protectionism, particularly among developed economies.
I believe that our economy's growth was reaching the poor; there was a lot of
benefit given in the year prior to the pandemic. And, come to think of it, the
government's plan or administration was reasonable just before to the
pandemic. There is an improvement in employment numbers in 2017 and 2019,
despite a decline in 2018 due to the additional year for basic education and the
effects of the TRAIN Law and Infrastructure program on reduction of poverty
incidence in 2018. In comparison to other lower middle-income countries, our
country was also viewed as an innovator, scoring above average in most
innovation dimensions.
It was simply disappointing to see how the government handled the
pandemic, which resulted in a further drop in our GDP today. As the country
grapples with the financial consequences of the COVID-19 pandemic, the
government's strategies and interventions must be refocused toward a healthy
and resilient Philippines.
DE LARA, QUENILYN I.
SBENT-3H PROGRAMS AND POLICIES ON ENTERPRISE DEVELOPMENT
REACTION PAPER
MICRO,SMALL AND MEDIUM ENTERPRISE DEVELOPMENT PLAN
The video we saw was an overview of DTI Philippine MSME, as well as the
city of San Fernando's improvements and accomplishments after implementing
the MSME development plan. It was an interesting challenge for us Filipinos to
introduce more entrepreneurial opportunities to our community. Just as the San
Francisco Focus Group Discussions (FGDs) conducted their strategies to improve
many entrepreneurs' businesses and encourage more people to participate, how
about the government do the same for the entire country?
The micro, small, and medium enterprise development plan aimed at
encouraging more Filipinos to pursue entrepreneurial opportunities. the MSME
sector's strategic plan for growth and development was created in collaboration
with a variety of private-sector, academic, and government stakeholders. It is in
line with the Philippine government's goal of increasing employment, business,
and livelihood, or "Trabaho, Negosyo, Kabuhayan," which translates to
"Malasakit," "Pagbabago," in the Philippine Development Plan (PDP) 2017-
2022's "Patuloy na Pag-unlad.". MSME continues to include plans which have left
the intended modes of implementation in their formulation, and above all, their
intent to fully develop the capacity of the sector and utilise the potential of that
field for the benefit of the country.
This was an inspiration for us future entrepreneurs to be involved in
bigger things in order to create more jobs and contribute to the growth of the
nation's economy. This was a great plan that I see as feasible even in today's
situation, as we can see there are more businesses open and ecommerce
businesses that started as a result of the pandemic. Filipinos' resourcefulness
and motivation will help other students and young people understand that there
is more to earn when you are an entrepreneur.
